ANALYSIS $BTC June 14
* On D1 frame: Yesterday's D1 candle was a bearish candle, but it did not break the body of the parent candle of the Inside bar candlestick pattern, and the low volume showed that the selling force was not strong and did not create anything notable. idea.
- It can be seen that BTC continues to maintain a sideways accumulation state in the price range from 66 - 72k after a growth spurt from the 56k price range. So in general, the chart structure of BTC is still inclined to increase in price, so on the D1 frame you can wait for a false breakout below the price frame to buy in to expect the uptrend of BTC to continue.
* On H4 frame: After the news of CPI decrease (good news), BTC's attempt to push the price beyond the most recent swing high (70k area) on H4 frame failed and was quickly pushed back down, it reflects The selling blocking force from above is still strong.
- Because the short-term structure on H4 is still showing lower peaks and lower lows, and the buying force to support prices at the present time is quite weak, it is likely that BTC will have a shakeout to below 66k before rebounding. .#TopCoinsJune2024 #btc #binance #ETH #bitcoin $$BTC